Endeavor Private Wealth Inc. Buys Shares of 1,199 Lowe's Companies, Inc. (NYSE:LOW)

Key Points

• Endeavor Private Wealth Inc. has taken a new position in Lowe's Companies, purchasing 1,199 shares valued at approximately $280,000 during the first quarter.
• Lowe's recently increased its quarterly dividend from $1.15 to $1.20 per share, with the dividend yield now at 2.1%.
• Analysts have mixed views on Lowe's stock; while Robert W. Baird has reduced its target price to $285, Guggenheim maintains a buy rating with a price target of $300.

Endeavor Private Wealth Inc. acquired a new stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,199 shares of the home improvement retailer's stock, valued at approximately $280,000.

Other large investors also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue grew its stake in Lowe's Companies by 1.2% in the first quarter. State of Alaska Department of Revenue now owns 125,299 shares of the home improvement retailer's stock worth $29,223,000 after purchasing an additional 1,470 shares in the last quarter. Aptus Capital Advisors LLC increased its stake in shares of Lowe's Companies by 14.0% during the fourth quarter. Aptus Capital Advisors LLC now owns 106,305 shares of the home improvement retailer's stock valued at $26,236,000 after buying an additional 13,092 shares during the period. World Investment Advisors raised its holdings in shares of Lowe's Companies by 11.0% in the fourth quarter. World Investment Advisors now owns 26,329 shares of the home improvement retailer's stock valued at $6,498,000 after acquiring an additional 2,615 shares in the last quarter. Larson Financial Group LLC grew its holdings in Lowe's Companies by 8.1% during the 1st quarter. Larson Financial Group LLC now owns 16,551 shares of the home improvement retailer's stock worth $3,860,000 after acquiring an additional 1,242 shares in the last quarter. Finally, Northern Trust Corp increased its position in Lowe's Companies by 16.3% during the 4th quarter. Northern Trust Corp now owns 7,074,391 shares of the home improvement retailer's stock valued at $1,745,960,000 after purchasing an additional 993,833 shares during the period. 74.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LOW has been the topic of a number of recent research reports. Morgan Stanley dropped their price objective on shares of Lowe's Companies from $300.00 to $255.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. Stifel Nicolaus decreased their price objective on Lowe's Companies from $250.00 to $240.00 and set a "hold" rating for the company in a research note on Tuesday, May 27th. Truist Financial set a $264.00 target price on Lowe's Companies and gave the company a "buy" rating in a research note on Thursday, May 22nd. Telsey Advisory Group restated an "outperform" rating and issued a $305.00 price target on shares of Lowe's Companies in a report on Wednesday, May 21st. Finally, KeyCorp upgraded shares of Lowe's Companies from a "sector weight" rating to an "overweight" rating and set a $266.00 price objective for the company in a research note on Friday, April 25th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat, Lowe's Companies currently has a consensus rating of "Moderate Buy" and an average target price of $270.68.

Insider Buying and Selling

In other Lowe's Companies news, EVP Juliette Williams Pryor sold 1,130 shares of the firm's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $227.50, for a total value of $257,075.00. Following the transaction, the executive vice president owned 31,898 shares in the company, valued at approximately $7,256,795. This trade represents a 3.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.27% of the company's stock.

Lowe's Companies Stock Up 3.4%

Shares of Lowe's Companies stock traded up $7.59 on Monday, reaching $233.99. The company's stock had a trading volume of 3,870,989 shares, compared to its average volume of 2,592,199. The company has a market capitalization of $131.14 billion, a P/E ratio of 19.39, a PEG ratio of 2.14 and a beta of 0.89. The stock has a 50-day moving average price of $223.03 and a 200-day moving average price of $231.38. Lowe's Companies, Inc. has a 52-week low of $206.38 and a 52-week high of $287.01.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted its quarterly earnings data on Wednesday, May 21st. The home improvement retailer reported $2.92 earnings per share for the quarter, topping analysts' consensus estimates of $2.88 by $0.04. Lowe's Companies had a net margin of 8.22% and a negative return on equity of 49.12%. The company had revenue of $20.93 billion during the quarter, compared to analysts' expectations of $21.09 billion. During the same period in the prior year, the business posted $3.06 earnings per share. The firm's revenue for the quarter was down 2.0% on a year-over-year basis. Sell-side analysts forecast that Lowe's Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe's Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 6th. Investors of record on Wednesday, July 23rd will be given a dividend of $1.20 per share. The ex-dividend date is Wednesday, July 23rd. This is a positive change from Lowe's Companies's previous quarterly dividend of $1.15. This represents a $4.80 annualized dividend and a dividend yield of 2.1%. Lowe's Companies's dividend payout ratio (DPR) is presently 39.77%.

About Lowe's Companies

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It also provides home improvement products, such as appliances, seasonal and outdoor living, lawn and garden, lumber, kitchens and bath, tools, paint, millwork, hardware, flooring, rough plumbing, building materials, décor, and electrical.